Reinsurance News
M&A news
Reinsurance M&A news, or reinsurance mergers and acquisitions news, covering details of M&A transactions in the works and completed, between insurance, reinsurance and related companies.
PartnerRe acquires assets of Claims Analytics
7th June 2018
Bermuda-domiciled reinsurer PartnerRe has acquired the assets of Claim Analytics, a Canadian-headquartered provider of insurance-based analytics solutions founded in 2001. It's expected that Claim Analytics' staff will join an existing PartnerRe analytics team currently working out of its Toronto offices, and will continue to do business as PartnerRe Analytics. PartnerRe hopes the ... Read the full article
XL shareholders approve AXA merger agreement
6th June 2018
The common shareholders of XL Group Ltd have approved an agreement for the re/insurer to be 100% acquired by AXA for $15.3 billion, to be fully paid in cash. Under the transaction, which is expected to close in the second-half of 2018 subject to regulatory approvals, XL shareholders will receive $57.60 ... Read the full article
Kansas City Life to acquire Grange Mutual Casualty’s life division
5th June 2018
Kansas City Life Insurance Company is to acquire all of the issued and outstanding stock of Grange Life Insurance Company, the life division of Grange Mutual Casualty Company, subject to review by the Ohio Department of Insurance. The transaction is expected to close in the third-quarter of 2018, and once completed, the integration efforts ... Read the full article
Argo Group completes rebranding of Ariscom
5th June 2018
Global specialty insurer and reinsurer, Argo Group International Holdings, has completed the rebranding of Ariscom, its new Italian subsidiary, to ArgoGlobal Assicurazioni S.p.A. The move follows Argo Group’s recent acquisition of the Italian specialty insurer in March 2018, which is now led by Giovanni Tucci, who was appointed as Managing ... Read the full article
Sompo International completes acquisition of Lexon Surety Group
4th June 2018
Bermudian property and casualty (P/C) re/insurer Sompo International Holdings (SI) has acquired Lexon Surety Group (Lexon), the second largest independent surety insurer in the United States. Lexon is comprised of Lexon Insurance Company, Bond Safeguard Insurance Company and Fortress National Group. The acquisition is expected to positively impact the subsidiaries’ financial ... Read the full article
American Traditions announces merger with affiliate insurer Modern USA
4th June 2018
American Traditions Insurance Company (ATIC) has announced it is to merge with affiliate Modern USA Insurance Company (MUSA), in a deal that sees ATIC become one of the largest manufactured home insurers in Florida. The two companies were launched in quick succession by a team of insurance professionals and investors, in ... Read the full article
Thomas Costello Insurance Agency acquired by Arthur J. Gallagher & Co.
31st May 2018
U.S. global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has announced the acquisition of California-based Thomas Costello Insurance Agency. Terms of the transaction were not disclosed. The deal sees Arthur J. Gallagher & Co. acquire a 1990-founded retail property/casualty broker, and employee benefits consultant and broker, ... Read the full article
RenRe Ventures invests in The Woodlands Financial Group
29th May 2018
Bermudian reinsurance firm RenaissanceRe has made an investment in Texas headquartered property & casualty insurance brokerage The Woodlands Financial Group. Founded in 2001, The Woodlands Financial Group (TWFG) operates across 22 states in the U.S., broking primary property and casualty products, largely personal lines but also selling small business and commercial ... Read the full article
Swiss Re ends SoftBank talks with no agreement
28th May 2018
Global reinsurance group Swiss Re has announced that it has ended discussions about a minority stake investment with Japanese technology & telecoms investor & conglomerate SoftBank. The pair have been in discussions about SoftBank acquiring a stake in Swiss Re since February. At first it was reported that SoftBank would look to ... Read the full article
Mitsui Sumitomo enters Chinese life market with BoCommLife stake
23rd May 2018
MS&AD Insurance Group Holdings, Inc. subsidiary, Mitsui Sumitomo Insurance Company (MSI), Limited, has signed an agreement to acquire Colonial Mutual Life Assurance Society Limited's (CMLA) 37.5% stake in Chinese life insurer, BoCommLife Insurance Company Limited. CMLA, a subsidiary of the Commonwealth Bank of Australia, is to sell its 37.5% stake in ... Read the full article
Reinsurance business model challenged, more M&A likely: Morgan Stanley
21st May 2018
The long-term business model of the reinsurance industry is being challenged by the inability of reinsurers to command pay-back following the losses of 2017, leading to a likelihood of more sector mergers & acquisitions, according to analysts from Morgan Stanley. Having visited Bermuda recently to meet with reinsurers, Morgan Stanley's analyst ... Read the full article
Global M&A insurance capacity extended by XL Catlin
17th May 2018
In an effort to better address the transactional liability insurance needs of clients, brokers and other deal professionals, XL Catlin has announced an extension of its global Mergers and Acquisitions (M&A) capacity by 20% to $60 million. XL Catlin offers M&A insurance for a number of risks associated with mergers and ... Read the full article
Softbank’s interest in Swiss Re deal reported to be waning
7th May 2018
According to media reports this weekend, Japanese technology & telecoms investor & conglomerate SoftBank's interest in securing a deal with global reinsurer Swiss Re is waning, as talks drag on. As we reported last week, it's been said that Swiss Re’s talks with SoftBank had stalled, which led the CFO ... Read the full article
No clear indication SoftBank talks will result in a transaction: Swiss Re CFO
4th May 2018
While the negotiations between Swiss Re and SoftBank are still ongoing, according to the reinsurance firms CFO John Dacey, there is "no clear indication" that any deal will be struck and the pair are no closer to a deal, but he also wouldn't be drawn on whether talks with other ... Read the full article
Swiss Re talks on SoftBank investment said stalled
2nd May 2018
Talks between reinsurance firm Swiss Re and Japanese technology conglomerate giant SoftBank over a potential investment stake in the reinsurer are said to have stalled, with price, the size of the stake and level of control said to be sticking points. Bloomberg said its sources told the news ... Read the full article
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